Amid consistent interest rate hikes and wavering markets, Canadian condo sales are starting to fall in all but two markets in the nation, according to a new report from Re/Max.
Canada's real estate market is taking another hit as condominium sales are showing signs of slowing across most of the nation's major markets, according to a new report from Re/Max.showed condo sales falling in all but two of Canada's seven largest markets, as strong sales between May and August of this year were still no match for 2022's year-to-date sales.
Various factors impacted the range in sales including higher borrowing costs seen in B.C. cities and Ottawa, as well as interprovincial migration to Alberta where buyers were enticed by the lower cost of living.
South Asia is expected to grow by nearly 6 per cent this year, making it the world's fastest-growing regionStatistics Canada says the amount Canadians owe relative to how much they earn fell in the second quarter as disposable income comfortably outpaced the growth in debt and demand for mortgages fell.As Canada ushers in the era of electric vehicles, here's what costs and factors you should consider before making the switch.
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